World Trade Organization members gave the green light on Monday for Brussels to slap tariffs on US$4 billion in US imports annually in retaliation for illegal American aid to plane maker Boeing.
During a meeting in Geneva on Monday,"WTO members approved the European Union's request for authorisation to impose retaliatory measures against the United States for its failure to comply with the WTO ruling regarding US government subsidies for Boeing," a WTO official said. Monday's decision was the latest development in a 16-year saga between Washington and Brussels over support for their leading aircraft manufacturers. It mirrors WTO's move a year ago to authorise a record US$7.5 billion in US sanctions against European goods.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US appeals against WTO ruling faulting Trump's China tariffsGENEVA: Washington has appealed against a World Trade Organization (WTO) ruling that faulted US duties imposed on hundreds of billions of dollars in C...
Source: theSundaily - 🏆 25. / 51 Read more »
Weak US dollar reduces debt servicing costs, Moody’s saysKUALA LUMPUR: A weak US dollar reduces debt-servicing costs for Asian ex-Japan issuers including companies and sovereigns while also encouraging capital inflows, Moody’s Investors Service says. A long train of Bangladesh Railway. See it
Source: staronline - 🏆 4. / 75 Read more »
Amazon wins order to stall US$3.4bil Reliance-Future dealAmazon.com Inc secured relief in its dispute with Future Group after a court put a temporary hold on the debt-strapped Indian conglomerate’s US$3.4bil (RM14.15bil) deal to sell assets to billionaire Mukesh Ambani’s Reliance Industries Ltd.
Source: staronline - 🏆 4. / 75 Read more »
Google, Temasek agree to invest US$350mil in TokopediaGoogle and Temasek Holdings Pte have agreed to invest about US$350mil (RM1.45bil) in PT Tokopedia, people familiar with the matter said, a major cash infusion that will bankroll the Indonesian online mall’s post-Covid-19 expansion.
Source: staronline - 🏆 4. / 75 Read more »
Police: Suhakam didn't find us lax in investigating activist disappearancePolice also disputed Suhakam's finding that Amri was victim of enforced disappearance.
Source: malaysiakini - 🏆 20. / 51 Read more »
US insists on need to ban TikTok | New Straits TimesSAN FRANCISCO: US President Donald Trump's administration has insisted on the need to ban TikTok due to national security concerns in a new court filing ahead of a plan to make the video app unavailable on November 12.
Source: NST_Online - 🏆 17. / 53 Read more »